New Issue: Credit Suisse sells $6.6 million bearish accelerated return notes on S&P 500

By Kiku Steinfeld

Chicago, Oct. 1 – Credit Suisse AG, London Branch priced $3,163,000 of 0% Bearish Accelerated Return Equity Securities due Oct. 6, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final level of the index is less than its initial level, the payout at maturity will be par plus 1.5 times the absolute value of the index return, subject to a cap of 19.1%.

Otherwise, investors will lose 1% for every 1% gain of the index.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Bearish Accelerated Return Equity Securities
Underlying index:	S&P 500
Amount:	$6,600,000
Maturity:	Oct. 6, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If the index declines, par plus 1.5 times the absolute value of the index return, capped at 19.1%; otherwise, 1% loss for every 1% gain of the index
Initial level:	3,246.59
Pricing date:	Sept. 24
Settlement date:	Sept. 29
Agent:	Credit Suisse Securities (USA) LLC
Fees:	2%
Cusip:	22552WLU7

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